I'm wondering about the payment structure of
Bitcoin mining. How do miners get paid for their efforts in maintaining the Bitcoin network through mining?
6 answers
ShintoSpirit
Fri Dec 20 2024
This reward is not static and undergoes periodic adjustments.
emma_anderson_scientist
Fri Dec 20 2024
Approximately every four years, the reward amount is halved.
Lorenzo
Fri Dec 20 2024
The reduction in reward is a built-in mechanism to control the supply of bitcoins.
CryptoPioneer
Fri Dec 20 2024
Miners have the opportunity to earn bitcoins by adding blocks to the blockchain.
emma_lewis_pilot
Fri Dec 20 2024
Successfully adding a block to the blockchain results in a reward of 3.125 bitcoins.